24# Parabolic Sar Trend Scalper Trading System
Parabolic Sar Indicator
Submit by Forexstrategiesresources
Parabolic Sar Trend Scalper is a forex scalping strategy based on the parabolic sar indicator, Ema indicator and MACD indicator.
Time frame:5min;
Pair:EUR/USD, GBP/USD,AUD/USD
Spread:max 0.002.5
Indicators:
1 Parabolic Sar indicator colored(0.01-0.01);
2 MCAD colored (64, 128, 9);
3 100 EMA.
Long Entry:
When the price is above the EMA 100, and PSar dot is up and MACD>0.
Short Entry:
When the price is above the EMA 100, and PSar dot is down MACD<0.
Stop Loss:place stop loss 3 pips below o above the first PSar dot.
Take Profit: Price objective 7-12 pips or better.
In the pictures below an example of the Parabolic Sar Trend Scalper Forex System in action.
Parabolic scalping
Write a comment
Roger (Wednesday, 26 March 2014 02:13)
This trading system looks great, but I'm still a little confused with entry points. I understand only buy trades when the price is above the 100 EMA and only sell trades when price is below 100 EMA.
But have the following questions about entry points..
1/ Do I place a trade only when MacD crosses 0 confirmed by PSAR?
or
2/ Do I place a trade if MacD has Already moved beyond 0 and I get a new PSAR signal?
or
3/ Do I place a trade if MacD is already well beyond 0 and colour of MacD changes colour in direction of PSAR?
or
All of the above?
Also do you have the pabolic sar indicator showing the 2 colours as per your pictures.
Thanking in advance for this system and assistance.
din (Tuesday, 13 January 2015 11:00)
Looks great. Also same question as above. No reply?